See the processes on how to measure lost profits in commercial disputes when a business experiences an actionable harm. Expand your knowledge in this valuable service area in forensic accounting.
Learning Objectives
Recognize the legal principles governing the recovery of damages and how lost profits are a measure of damages.;Recall the concept and the assessment of lost profit calculations.;Identify the methods and approaches used for estimating lost revenues and the associated avoided costs.;Identify other factors that may be relevant to calculating lost profits such as prejudgment interest, discounting damages, tax implications, and mitigation.
Major Topics
Types of damages;Reasonable certainty;Authoritative and non-authoritative standards ;Lost profits formula and models;Lost revenue and estimating costs
